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63% of americans have no idea what is going on and cannot fathom the consequences…
Interestingly, the treasury has the power to end this…
And, as always, broken record here…. repeat after me… there is no us govt debt. Its money created that they voluntarily pay interest on. They do not need to borrow or tax before they spend. Etc.
http://pragcap.com/resources/understanding-modern-monetary-system
Please read. MMT could save the day. I’ll it just doesn’t go far enough. Their conversations still talk about govt “debt”, which is silly.
The dollar/treasury savings of americas private sector equals govt deficit minus trade deficit. Right now the private sector needs to save. We do not have a trade surplus. Guess what? We have to have a govt deficit.
I don’t dispute that the govt spends inefficiently, so get that huge deficit via massive middle class tax cuts. Payroll tax holiday for 2I years.
Typing from phone is clown suit gay, must quit